Business World
May 7, 2012
AIR PHILIPPINES Corp., which owns budget carrier Airphil Express, is seeking a permit from regulators to extend its domestic operation for another five years, documents from the Civil Aeronautics Board (CAB) showed.
A document dated May 3 showed that Airphil Express applied for “certificate of public conveyance and necessity (CPCN) to operate scheduled domestic air transportation services.”
“Notice is hereby given that Airphil Express has filed with a CAB a petition for a renewal of its CPCN to operate domestic air transportation services,” the document read.
A hearing has been set on May 23 at the CAB office in Pasay City, the document showed.
“Parties opposed to the granting of application must file their written position on or before the date of the hearing...” the document read.
Ma. Alben S.L. Moro, the head of CAB’s hearing division, said in a text message yesterday that Airphil Express’ permit for domestic operations is set to expire this year, adding that permits as such are renewed every five years.
The airline, an affiliate of Philippine Airlines, currently operates 32 regular flights to local destinations in the country and five international routes, the company said in a statement last week.
Alfredo A. Herrera, Airphil Express’ former senior vice-president, earlier said that the carrier is looking to book as much as P11 billion in revenues this year as it gears up to offer more domestic and international flights.
The company, almost doubled its revenue last year to about P8 billion, from P4 billion in 2010.
The company is also hoping to double its passenger traffic to 8 million this year from 3.8 million last year on the back of the additional flights and growth in the travel market.
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